Now, Snapdeal loses 2 more senior execs

The exodus of senior executives continues unabated at the troubled online marketplace Snapdeal.

According to sources, two AVPs at Snapdeal, Bengaluru, Balaji Hariharan, head of growth and product management, and Hemanth Kota have resigned.

The Gurgaon-headquartered Snapdeal hired Hariharan from Amazon in February 2015 while Kota had been with the company since August 2015.

Flush with investor capital at the time, the e-tailer had said it plans to double the employee strength by end of 2015 at its Bengaluru centre, however, with the current wave of job cuts, sources said the headcount is learnt to be down to about 30-40 people.

Hariharan steered the integration of Uber within Snapdeal's app among other initiatives such as enabling bill payments, flight bookings through the e-tailer. Kota was responsible for solving supply chain and logistics challenges for the company.

Both the executives joined the company at a time when founder and CEO Kunal Bahl had prepared an ambitious growth plan with the launch of its innovation centre in Bengaluru, housing 200 people, as per Snapdeal's website. When contacted, a Snapdeal spokesperson said the following in an email response, "At Snapdeal, we do not comment on individual departures. People joining and leaving the team are normal corporate movements, not necessarily requiring a response in each instance."

In the past few weeks, senior executives like Sandeep Komaravelly, Tony Navin, Abhishek Kumar, and Govind Rajan, CEO of Freecharge, have resigned, adding to troubles at the company.

which has not been able to raise fresh funds as the talks haven't materialized.

While the e-commerce firm has taken measures such as mass layoffs along with shutting non-core businesses, the founders admitted to having taken several wrong decisions in the past two-three years, as TOI reported in its February 23 edition.